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by tomneal
Tue Nov 27, 2012 12:03 pm
Forum: 2013 Texas Legislative Session
Topic: Abolishing Property Tax?
Replies: 25
Views: 14430

Re: Abolishing Property Tax?

Math Example:

$1000 in Property Tax = $16,000 in purchases with a 6.25% sales tax

but we already pay 6.25% state sales tax

so...

Would the sales tax rate need to double?


Real world question:

If the sales tax doubled, would you buy less or simple buy more from out of state?


Comment:

I don't like the fact that property taxes are like renting my own house from the state.
I despise the idea of a Texas State Income Tax.
The state of Texas needs some level of revenue to perform valid state functions.
I don't have a solution to this problem.
by tomneal
Tue Nov 27, 2012 8:19 am
Forum: 2013 Texas Legislative Session
Topic: Abolishing Property Tax?
Replies: 25
Views: 14430

Re: Abolishing Property Tax?

The plan is to replace Property Tax revenue with an increase in Sales Tax.

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